Canadian SME: Why Investing In R&D During A Slowdown Can Help SMEs Rebound

By CanadianSME Team

It’s natural for small- and medium-sized businesses to cut back to the essentials during an economic crisis like the one we’re experiencing right now. Yet SMEs that find a way to innovate and ramp up investment in R&D when their competitors are retreating are more likely to be Canada’s entrepreneurial success stories of the next decade. Some high-potential SMEs will even transform into large companies over the coming years, largely because they recognized and seized the opportunity at a time of uncertainty and fear.

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